January 29, 2019 / 5:00 AM / a year ago

Italy - Factors to watch on Jan. 29

MILANO, Jan 29 (Reuters) - The following factors could affect Italian markets on Tuesday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

For a complete list of diary events in Italy please click on .

ECONOMY

Bank of Italy Governor Ignazio Visco on Monday criticised countries that adopt restrictive fiscal policies when they are not necessary, in an apparent dig at Germany.

ISTAT releases December producer prices data (0900 GMT).

DEBT

Treasury sells 6.5 billion euros 6-month BOT bills. Subscriptions close at 1000 GMT.

TELECOM ITALIA

Canada Pension Plan Investment Board has 3.133 pct of Telecom Italia.

ATLANTIA

Atlantia said Moody’s had concluded the rating review for downgrade initiated on 22 August, confirming the ‘Baa3’ rating of Atlantia’s EMTN programme and the ‘Baa2’ ratings of Autostrade per l’Italia’s and Aeroporti di Roma’s EMTN programmes with negative outlook. (*) Goldman Sachs reinstated coverage of the stock with a ‘buy’ rating and a price target of 25.20 euros.

(*) ENI

The ADNOC deal does not put in discussion the company’s work on a possible share buyback, Eni CEO Claudio Descalzi told Il Sole 24 Ore.

(*) UNICREDIT

The lender is preparing to sell another 3 billion-euro worth of impaired loans, MF said. The sale of a first tranche worth 800 million euros should be finalised in February and the portfolio - consisting mainly of unlikely to pay credits - should go to Pimco, GWM and Aurora Recovery Capital, the paper added.

(*) ASTALDI

Astaldi and its Turkish partner Nurol holding are considering selling a toll road between Istanbul-Izmir, a project worth $7 billion, Corriere della Sera said. Astaldi has a 18 percent stake in the project, the paper added.

(*) AZIMUT

Deutsche Bank raised its recommendation on the stock to ‘buy’ from ‘hold’ and its price target to 15.50 euros from 15 euros.

ASCOPIAVE

Ascopiave and Unigas approved a project of merger by incorporation.

ABITARE IN

Abitare In signed a preliminary contract to buy real estate

Annual general meeting (1500 GMT).

ANSALDO STS

Shares trading suspended ahead of de-listing on Jan. 30.

GO INTERNET

ends capital increase.

SALVATORE FERRAGAMO

Board meeting on preliminary FY results (sales).

TINEXTA

Board meeting on FY preliminary results and 2019-2021 financial economic plan.

DIARY

Milan, European Investments Bank (BEI) Deputy Chairman Dario Scannapieco holds news conference on “BEI Group in Italy in 2018: Results and Outlook” (0800 GMT).

Milan, conference on “REInnovation Real Estate Innovation Lab - Real value, real innovation, real estate” with Bank of Italy Director General Salvatore Rossi (0930 GMT).

For Italian market data and news, click on codes in brackets:

20 biggest gainers (in percentage)............

20 biggest losers (in percentage).............

FTSE IT allshare index

FTSE Mib index........

FTSE Allstars index...

FTSE Mid Cap index....

Block trades..........

Stories on Italy...... IT-LEN

For pan-European market data and news, click on codes in brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:............................... (Reporting By Viviana Venturi)

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